Corporate profits distributed as dividends are taxed twice
What are dividends?
Dividend is a distribution of a small percentage of profits to shareholders. It is a share of a company's profits distributed to shareholders, and usually paid quarterly, like a bonus to investors.
Shareholders participate and share in the growth of the underlying business through dividends. Profits earned by a corporation and given to shareholders are called dividends.
Hence, corporate profits distributed as dividends are taxed twice
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